Gross earnings and net pay


Cindy Neuer's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Cindy works 47 hours. Cindy's federal income tax withholding is $95, and she has no voluntary deductions.

Required:

Compute Cindy Neuer's gross earnings and net pay for the pay period. Assume that the FICA tax rate is 8%.

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Accounting Basics: Gross earnings and net pay
Reference No:- TGS0515714

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